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Fitch Rates $8MM San Gabriel Industrial Devel Corp, Texas (Airborn, Inc.) 2009 VRDBs 'A+/F1'.

Publication: Business Wire
Publication Date: 12-JUN-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
NEW YORK -- Fitch Ratings assigns a rating of 'A+/F1' to the $8,000,000 San Gabriel Industrial Development Corporation variable rate demand revenue bonds (Airborn, Inc. Project) series 2009.

The rating is based on the support provided by an irrevocable, direct-pay letter of credit (LOC) issued by Comerica Bank, securing the bonds. The bank is obligated to make payments of...

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